The GOP finally unveiled its massive tax plan that proposes a sweeping overhaul to the system

The GOP finally unveiled its massive tax plan that proposes a sweeping overhaul to the system

Business insider

November 3, 2017

House GOP leaders on Thursday took their biggest step yet in their attempt to overhaul the US tax code by releasing legislation that proposes sweeping changes to the current system.

“My administration will work tirelessly to make good on our promise to the working people who built our nation and deliver historic tax cuts and reforms — the rocket fuel our economy needs to soar higher than ever before,” said US President Donald Trump, who has expressed a desire to sign a bill into law by Christmas.

Kevin Brady, House Speaker Paul Ryan, and other House GOP leaders touted the bill in a press conference on Thursday and argued it would save the average family of four $1,182 a year on their taxes.